First American Federal Savings and Loan Association in city_name, state_name

First American Federal Savings and Loan Association in Huntsville, Alabama (AL)
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First American Federal Savings and Loan Association - Overview

General
FDIC Certificate #: 29359
Status: Inactive
Closing history: Office Sold
Acquiring institution: Colonial Bank (#9609)
Federal Reserve ID: 154873
Date Established: January 01, 1926
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3333
FDIC's unique #: 42193
Numeric code: 37
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: May 22, 1935
Last Structure Change Effective Date: December 31, 1993
Last Structure Change Process Date: Febuary 10, 1994
Last Data Update: Febuary 10, 1994
Data Source Date: April 05, 2012
Location
Address: 1900 Memorial Parkway, Huntsville, AL 35804
County: Madison
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Shelby
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Huntsville, AL (#3440)
Combined Statistical Area (CSA): Huntsville-Decatur, AL (#290)
Core Based Statistical Area (CBSA): Huntsville, AL (#26620)
CBSA Metro Statistical Area: Huntsville, AL (#26620)
History of Changes
Merger - Without Assistance
Corrections
Office Sold
Financial Summary
Total assets: $482.4 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$184Total assets
$483,959Cash and due from depository institutions
$58,946Interest-bearing balances
$55,852Securities
$64,971Federal funds sold & reverse repurchase agreements
$12,100Net loans & leases
$314,334Loan loss allowance
$4,101Trading account assets
$0Bank premises and fixed assets
$5,744Other real estate owned
$16,401Goodwill and other intangibles
$8,886Life insurance assets
$2,577All other assets
$0Total liabilities and capital
$483,959Total liabilities
$444,589Total deposits
$424,785Interest-bearing deposits
$422,627Deposits held in domestic offices
424785.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$39Trading liabilities
$0Other borrowed funds
$14,062Subordinated debt
$0All other liabilities
$5,703Total equity capital
$5,703Total bank equity capital
$39,370Perpetual preferred stock
$0Common stock
$1Surplus
$11,449Undivided profits
Memoranda
$27,920Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,471Income earned, not collected on loans
$2,112Earning assets
$447,257Long-term assets (5+ years)
$0Average Assets, year-to-date
$463,129Average Assets, quarterly
$485,043Volatile liabilities
$56,263Insider loans
$0FHLB advances
$2,200Loans and leases held for sale
$0Unused loan commitments
$5,264Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$38,962Total risk weighted assets
$264,945Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$33,635Total interest expense
$21,952Net interest income
$11,683Provision for loan and lease losses
$659Total noninterest income
$2,408Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$2,408Total noninterest expense
$10,417Salaries and employee benefits
$4,528Premises and equipment expense
$1,425Additional noninterest expense
$4,464Pre-tax net operating income
$3,015Securities gains (losses)
$948Applicable income taxes
$1,857Income before extraordinary items
$2,106Extraordinary gains - net
$0Net income attributable to bank
$2,106Net charge-offs
$584Cash dividends
$250Sale, conversion, retirement of capital stock, net
$2,755Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.94%Cost of funding earning assets
5.18%Net interest margin
2.76%Noninterest income to earning assets
0.57%Noninterest expense to earning assets
2.46%Net operating income to assets
0.32%Return on assets (ROA)
0.45%Pretax return on assets
0.86%Return on equity (ROE)
5.71%Retained earnings to average equity (YTD only)
5.03%Net charge-offs to loans
0.19%Credit loss provision to net charge-offs
112.84%Efficiency ratio
72,025Assets per employee
2.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.87%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
54.89%Noncurrent assets plus other real estate owned to assets
4.93%Noncurrent loans to loans
2.35%Net loans and leases to deposits
74.00%Net loans and leases to core deposits
82.15%Equity capital to assets
8.13%Core capital (leverage) ratio
8.10%Tier 1 risk-based capital ratio
14.71%Total risk-based capital ratio
Memoranda
$16Average assets
$463,129Average earning assets
$36,863Average equity
$423,517Average loans

First American Federal Savings and Loan Association in Huntsville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First American Federal Savings and Loan Association - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First American Federal Savings and Loan Association in Huntsville, Alabama (AL)Overview, Financial Summary, Detailed Financial Reports, Branches

First American Federal Savings and Loan Association - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First American Federal Savings and Loan Association in Huntsville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches